Factbox: Meaty facts on JBS as calls end to buying spree
SAO PAULO (Reuters) - Brazil's JBS (JBSS3.SA), the world's biggest beef producer, has a new chief executive, Wesley Batista, who will be taking control at a time when the company is entering a new phase.
After snapping up a long list of major distressed and attractively priced companies in the animal protein sector, the company has reached a certain economy of scale, according to Batista, whose focus will now be to squeeze returns from the investments made over the past half decade.
The following is a list of JBS's successful and unsuccessful international bids in the past years:
* 2005 - JBS took its first step abroad buying 85 percent of beef producer Swift Armor, Argentina's largest beef processor, for $200 million.
* 2007 - It bought U.S.-based Swift Foods for $225 million and assumed its heavy debt load estimated at over $1 billion, a few months after going public on the Sao Paulo Stock Exchange.
* 2008 - It bought Australian-based beef producer Tasman Group for $107 million in cash, followed in 2009 by Australia's Tatiara Meat.
* 2008 - JBS acquired U.S. processor Smithfield Beef from Smithfield Foods for $565 million.
* 2009 - JBS agreed to buy a 64 percent stake in the restructured U.S. poultry producer Pilgrim's Pride PGPDQ.PK for $800 million.
* 2009 - JBS swallowed Brazil's No.2 beef producer Bertin with 38 plants in Brazil and abroad in an all-stock deal.
* 2010-11 - JBS made a string of smaller acquisitions in the past year: Australia's Rockdale Beef, U.S. cattle company McElhaney Cattle, the Toledo Group in Belgium, Weddel from Canada and Italy's Rigamonti Salumficio.